Little Athens is the name given to the latest residential neighborhood of The Hellinikon, Europe’s largest urban regeneration project, south of the Greek capital.
LAMDA Development announced that amid significant sales velocity across Hellinikon’s residential offerings, Little Athens will bring approximately 1,115 new residences to the sales market in its first phase.
It says that it represents a brand-new residential approach for Athens, embodied in the neighborhood’s first 50-meter-tall residential building, Park Rise, designed by acclaimed architecture firm Bjarke Ingels Group (BIG).
The Hellinikon is a 6.2 million-sq.m. project, on the grounds of Athens’ old international airport, that nearly doubles the amount of green space in the Athens area.
It will deliver residential, commercial, leisure, retail, dining, entertainment, education, and athletics offerings making this Europe’s most innovative and exciting destination for locals and international visitors alike.
Little Athens at Hellinikon
Located near the northwestern coastline of The Hellinikon, Little Athens is a new and vibrant neighborhood that brings modern living, while embracing local materials and the open spirit of Athenian living through designs by Greek and international architecture firms, LAMDA Development says.
It will provide all the benefits of The Hellinikon, including the park, a short walk to the beach, a growing 24/7 community, and comfortable smart residences. Set in mixed-use buildings supporting retail, office, hospitality, wellness, sports, and dining, the residences at Little Athens connect via shaded pathways and offer direct access to everything The Hellinikon has to offer within 15 minutes.
“The Hellinikon is intrinsically rooted in Athenian history and our singular culture,” said Odisseas Athanasiou, CEO, LAMDA Development.
“Little Athens is an exemplar of this, influenced by local traditions of community, coastal living, and innovation. The Hellinikon overall has seen unprecedented demand from both Greek and international buyers, and Little Athens will continue to offer a lifestyle and investment opportunity as unique as Athens itself.”
Residences will range from 60-70-sq.m. one-bedroom to five-bedroom apartments spanning more than 300 sq.m. Most buildings, each uniquely designed by prominent Greek firms with deep knowledge of local landscapes, history, and materials, will predominantly reach up to 20 m., while there will be a small selection of unique 50 m.-high buildings overlooking the park and the sea.
LAMDA Development says that The Hellinikon is expected to substantially contribute to the repositioning of Athens as one of the major world-class tourism destinations as it will provide a significant number of new accommodation landmarks, as well as thematic tourism venues, expected to attract at least 1 million new tourists while significantly reducing seasonality and at the same time increasing the average stay and spending of tourists in Athens.
The ongoing project is expected to contribute to the country’s GDP by 2.4% until the development’s completion date, contributing also a total of over €14 bln in tax revenues to the Greek State over the same timeframe.